Other Information

1. What is Keppel Infrastructure Trust?

Keppel Infrastructure Trust (KIT) is one of the largest Singapore infrastructure-focused business trusts listed on the Singapore Exchange.

The Trust aims to invest in a large and well-diversified portfolio of core infrastructure assets that provides Unitholders with long-term, regular and sustainable distributions, as well as the potential for long-term capital growth.

Riding on urbanisation trends, such infrastructure business include solutions for energy infrastructure, energy efficiency, waste management, water reclamation and other sustainable developments.

KITís Sponsor, KI, will continue to support KITís growth by developing and warehousing suitable assets or through co-investments to build a solid pipeline of assets for injection. Target sectors and markets will be those that Keppel has traditionally had expertise in and where it has existing networks/market presence.

7. What are the benefits of being a member of Keppel Capital, and Keppel Infrastructureís continued sponsorship?

As a member of Keppel Capital, the Trustee-Manager can leverage and grow further with the increased scale, larger investor base, wider geographical coverage and greater resources. The larger platform will also enhance talent recruitment and retention, facilitate sharing of best practices and improve operating efficiency.

Other benefits include:

Co-investment, bridge financing and incubation opportunities; and

Non-energy and non-environmental space asset management

A division of Keppel Corporation, KI drives the Keppel Groupís strategy to invest in, own and operate competitive energy and environmental infrastructure solutions and services

KIT will benefit from KIís continued sponsorship in the following ways:

Draw on KIís operational and maintenance, as well as industry expertise;

9. What is the trustee-manager fee structure?

KIFM, as Trustee-Manager of KIT, is paid a base fee indexed to the Consumer Price Index of Singapore, and a performance fee equivalent to 4.5% of all the cash inflow received by KIT on a per-annum basis.

The fees on mergers and acquisitions, and disposals are as set out below:

0.5% of the enterprise value (EV) of the investment that KIT acquired from related parties.

1.0% of the EV of the investment that KIT acquired from non-related parties.

0.5% of the EV of any investment sold by KIT.

The Trustee-Manager may elect to receive the fees in cash or Units or a combination of cash and Units.